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Real Estate
Reply to "Is it a good time to buy now?"
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[quote=Anonymous]Buy if you can find something you like and can afford. Or something you can live with and fix it up. Either rates go down, and then you can refinance, and you’ll be glad you got your house before there were more buyers willing to outbid you with the more favorable rates. Or rates will go up, and the. I guess you’ll be glad you bought when you did. I don’t think prices will come down a whole lot in DC or the sought after surrounding areas because there just isn’t enough housing stock. People don’t want to move and leave their 3% rate unless there’s a real reason, so you’ve got fewer houses on the market, plus in general there’s not enough housing, so you’re going to have buyers even at these rates. Which is all to say, time in the housing market is better than trying to get the timing right on entering the market. Best of luck[/quote]
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